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Author:Baker, H.
Powell, G.
Weaver, D.
Title:Does NYSE listing affect firm visibility?
Journal:Financial Management
1999 : SUMMER, VOL. 28:2, p. 46-54
Index terms:FINANCIAL MANAGEMENT
STOCK EXCHANGES
COMPANIES
Language:eng
Abstract:Corporate managers often cite improved firm visibility as a motive for listing on the New York Stock Exchange (NYSE). The authors use three proxies to test this motive: the number of analysts following a firm, the number of institutional shareholders, and the number of shares held by institutions. The authors compare visibility changes over successive six-month periods for a sample of firms that listed on the NYSE and find that the changes in the post-listing period are less than the changes for the two pre-listing periods.
SCIMA record nr: 203859
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